Riverstone is a mid-sized suburb in New South Wales within the Blacktown local government area (postcode 2765). With a population of 8,627, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $111K per year, with an average household size of 2.9 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Australian, English, Indian.
The median house price in Riverstone is $1.2 million, having increased 2.6% over the past year. Units have a median price of $1.1 million (+16.6% YoY). The current median weekly rent is $800. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $2,513.
Riverstone is served by 8 schools, including 2 primary, 1 secondary, 2 combined, 3 special. The average ICSEA score is 1033, which is around the national average of 1,000. Public transport access includes 2 rail stations, 38 bus stops. The crime rate in the Blacktown LGA is below average at 3,212 incidents per 100,000 population.
From an investment perspective, Riverstone offers a gross rental yield of 3.6%, rated as moderate yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 10.4x is considered stretched. House prices have moved +2.6% year-on-year.
Riverstone is a mid-sized suburb in New South Wales within the Blacktown local government area (postcode 2765). With a population of 8,627, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $111K per year, with an average household size of 2.9 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Australian, English, Indian.
The median house price in Riverstone is $1.2 million, having increased 2.6% over the past year. Units have a median price of $1.1 million (+16.6% YoY). The current median weekly rent is $800. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $2,513.
Riverstone is served by 8 schools, including 2 primary, 1 secondary, 2 combined, 3 special. The average ICSEA score is 1033, which is around the national average of 1,000. Public transport access includes 2 rail stations, 38 bus stops. The crime rate in the Blacktown LGA is below average at 3,212 incidents per 100,000 population.
From an investment perspective, Riverstone offers a gross rental yield of 3.6%, rated as moderate yield. Property prices are near the state median ($1.2M/$1.5M). The price-to-income ratio of 10.4x is considered stretched. House prices have moved +2.6% year-on-year.